Waikato has many, intertwined economic strengths that flow from its natural environment and people. These inform economic development priorities so that Waikato can play its optimal role nationally. Please see the draft strategy document for the full content of each strength-based priority. A short introduction to each is provided below.
Strengths-based priority #1 – Leverage location advantages
Waikato can lean into locational advantages in the upper North Island and beyond, so that higher value activities are undertaken here. These include natural resources, strong inter-regional commercial connections, location between New Zealand’s largest ports. Waikato is an important destination for international students and domestic visitors. It is home to a network of significant sports venues, facilities, environments and spaces. Waikato has unique and renowned creative pursuits, events, facilities, writers, performers and artists.
Strengths-based priority #2 - Boost bioeconomy productivity
Waikato can increase productivity in its abundant bioeconomy industry sectors. Waikato has a large amount of highly versatile land. It is strong in: dairy farming; sheep, beef and grain farming; horticulture and other farming; forestry and logging; and aquaculture. Productivity in agriculture, forestry and fishing in Waikato is higher than this industry sector nationally (but lower in Waikato than sectors with higher capital inputs). Waikato is home to significant agritech and biotech businesses.
Strengths-based priority #3 - Increase electricity supply
Waikato has a strong foundation of renewable generation and untapped and emerging potential (wind, solar and emerging green fuels). Waikato exports two-thirds of electricity generated to other regions. Productivity (GDP per filled job) in electricity, gas, water and waste services is the highest of all industries in Waikato and is higher than this industry nationally. Waikato is a centre of the geothermal sector.
Strengths-based priority #4 - Export and advanced manufacturing hub
Advanced manufacturing for interregional and international customers offers opportunities to increase productivity. Manufacturing is a regionally important sector with several subregional specialisations. These are related to processing of primary sector production (food and forest products) and competencies that have developed as a result, such as agritech. Waikato produces the third-highest amount of New Zealand’s merchandise exports. Major exports from the region include food- and other manufacturing.
Strengths-based priority #5 - Thriving and connected metro area
A thriving and connected Hamilton-Waikato metro area can increase regional productivity and incomes. The metro area includes the fastest growing city in New Zealand. It is the region’s primary centre of knowledge, innovation, economic specialisation and cultural assets. The Waikato River enhances its amenity. The Hamilton central business district is the regional and city centre. The metro area is surrounded by towns with unique local identities, heritage and culture and complementary economic functions.
Strengths-based priority #6 - Partner with regional Māori
There is an opportunity to grow partnership with Waikato regional Māori for shared prosperity. Waikato is home to Kiingitanga, Tainui and Te Arawa waka, imbuing it with a unique identity and values. Iwi throughout the region exercise rangatiratanga to pursue economic outcomes. Iwi and Māori businesses are resuming a large role in the Waikato economy. Rangatahi Māori are a growing part of the regional work force.
